- Supply shortages of raw materials, especially products originating from China, causing delays in production.
- Supply chain issues relating to raw materials and products originating from Ukraine and Russia.
- Increase in the price of oil and gas.
- Lack of personnel in specific professions, such as drivers with a professional license.
- Highly volatile retail sector.
- Financial risks (e.g. high interest rates, inflation).
- Lack of liquidity in the local market and cashflow risk.
- Intense competition.
- Increasing cost of goods and delays in the supply chain.
- Risks arising from the economic and political environment in Cyprus and possible repercussions from conflicts in the wider Middle East region.
Cyprus Trading Corporation Plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Cyprus Trading Corporation Plc disclosed greenhouse gas emissions of 2.1K tCO2e/year (Scope 1). By scope: Scope 1: 2.1K tCO2e/year; Scope 2: 9.4K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.1K tCO2e/year (Scope 1)
2023
Water Usage
15.4K m3/year
2023
Waste
See Appendix 2 for detailed breakdown
2023
Energy Use
13.9M Kwh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 9.4K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 2.1K tCO2e/year (Scope 1) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Argosy Trading Company Ltd received an award for innovative practices and approaches in supply chain, warehousing and logistics.
- Argosy completed the replacement of its lighting to LED in all warehouse areas.
- Superhome completed the replacement of its lighting to LED at the Lakatamia store.
- CTC head offices replaced their lighting to LED.
- Ermes started the replacement of its lighting to LED at Era Zenon.
- Superhome entered into an agreement with a private energy supplier, providing green energy electricity (PV park), saving 8% of its electricity cost.
- In early 2024 CTC head offices and Argosy signed an agreement with a private energy supplier (PV park).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Full compliance with legislation and regulations by 2024.
- Implementation of Whistleblowing policy by 2024.
- Commencement of CSRD implementation by 2024.
- Expansion and upgrading of CTC Automotive After Sales Service Centres by 2025-2026.
📅 Medium-term
- Full centralization of Group IT systems by 2025.
- Creation of a Disaster Recovery Site by 2026.
- Acquisition of ISO 27001 certification for Data Security Management by 2026.
- Implementation of HRMS (Human Resource Management System) by 2024.
- Adoption of a central energy management strategy by 2026.
🌱 ESG Focus Areas
GovernanceMarket & ProductsOur PeopleSocietyEnvironment